Daily Questions Challenge for IAS PRE (CSAT) Exam (29 August 2015)

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1. Consider the following statements about FORWARD MARKET COMMISSION.

1) It is a statutory body.
2) It monitors & disciplines the working of the exchanges.
3) At present FMC is a part of department of consumer affairs.
4) Its headquarter is in New Delhi.

Which of the above statements is / are true.

(a) 1, 2, 3 & 4
(b) 2 & 3
(c) 1 & 3
(d) 1, 2 & 3

2. Consider the following statements.

1) Subsidy is a negative income tax.
2) Pigovian tax is imposed on bodies that have a negative externality.
3) Relation between tax rates & tax revenue collected by governments is shown by Laffer curve.

Which of the above statements is / are true.

(a) 1, 2 & 3
(b) 1 & 3
(c) 1 & 2
(d) 2 & 3

3. Consider the following statements.

1) GDP deflator is a measure of the change in prices of all new, domestically produced, final goods & services in an economy.
2) In India, the wholesale price index (WPI) is the main measure of inflation.
3) Wholesale Price Index (WPI) for the month of January 2015 was reported in thenegative.

Which of the above statements is / are true.

(a) 1, 2 and 3
(b) 2 and 3
(c) 2 only
(d) 1, 2 & 3

4. Consider the following statements.

1) GDP deflator is a measure of the change in prices of all new, domestically produced, final goods & services in an economy.
2) In India, the wholesale price index (WPI) is the main measure of inflation.
3) Wholesale Price Index (WPI) for the month of January 2015 was reported in thenegative.

Which of the above statements is / are true.

(a) 1, 2 and 3
(b) 2 and 3
(c) 2 only
(d) 1, 2 & 3

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:: CSAT (Paper -2) ::

"My god, it speaks" uttered the Emperor of Brazil and the receiver of the Telephone slipped formhis hand and banged around.At the other end Alexander Grahm
Bell was still on line.

The incident goes back to 1876 whtn at an exhibition in Philadelphia (USA), Alexander Grahmell was giving a demonstration of his invention. this strange instrument known as Telephoine was to revolutionize life in the years to come.

Bell was born at Edinborough, Scotland. He was a teacher and, was dedicated to the noble cause of teaching the deaf and the dumb. Due to severe illness,
Bell was sent to Canada in 1870, where too he got engaged in helpig the dumb-deaf to hear and speak. Thereafter, he shifted to the USA but continued with his work by opening a school for deaf and dumb.

Bell was fond of scientific inventions and was ever engated in making some machines in his spare time. While atBoston, he tried to communicate throughmetal wire.His companion in this work wasWatson. One day while experimentingwith his instrument, Bell spoke to Watson standing at distance, Watson was taken by pleasant surprise as he had heard Bell clearly through his instrument. The instrument was a success and Bell patented it.

Graham Bell had some sterling qualities of head and heart. Apart from being and artist he was a kind human being, ready to help the needy. He established and institutionh for the deaf and dumb children. He died in 1922 in Canada. The entire northern America paid him a tribiute by hanging up teir telephones for while during his funeral.

1. Find the statement that is TRUE.

(a) To diagnose the reason for sickness of deemed university will be counterproductive of achieving qualitative growth in higher education
(b) To improve the quality of higher education NCHER Bill is made applicable to new institutions that aspire for status
(c) Removing the very concept of deemed university as envisaged in the proposed bill will only perpetuate efficiencies
(d) The objection to the manner the deemed university status was conferred seems valid

2. Which of the following is the most likely title of a longer article in which the passage might have appeared?

(a) “The Education Policy: A Merger of Thinking Styles”
(b) “Who Deserves Credit for the Education Policy?”
(c) “Deemed University Act : A Struggle for Existence”
(d) “NCHER Bill: The Balancing Act”

3. Find the statement that is FALSE.

(a) It is deniable that the ad hoc, arbitrary and non-transparent process between 2004-09 has damaged the system
(b) The proposed bill is harmful to the existing system with no scope for innovation and academic independence
(c) Misuse and abuse of power by some government and private participants has rattled the boat
(d) To apply the bill to the existing universities will mean destroying a sound concept that has supported the growth of the higher education system

4. Which of the following is the most likely title of a longer article in which the passage might have appeared?

(a) “The Education Policy: A Merger of Thinking Styles”
(b) “Who Deserves Credit for the Education Policy?”
(c) “Deemed University Act : A Struggle for Existence”
(d) “NCHER Bill: The Balancing Act”

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